Bitcoin is up by more than 130% since the Black Thursday

Bitcoin is up by more than 130% since the March 12 crash. The coin is outperforming traditional assets amidst the coronavirus pandemic.

While BTC is starting to show signs of short-term bullish exhaustion, there’s a crypto trader and Elliott Wave analyst who believes that the coin is preparing for a strong move upwards, according to the latest data coming from the Daily Hodl.

Benjamin Blunts told followers that BTC is poised for a rally to $10,000.

#btc made 5 waves down on the smaller timeframes, abc back up and swiftly rejected the 0.618 almost to the $ and now i think we get one more leg down into low 8ks.